The V Foundation & WWE Launch National Partnership to Fight Pediatric Cancer

By: Mar. 14, 2016
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In an effort to help find cures for pediatric cancer, WWE (NYSE:WWE) and The V Foundation for Cancer Research today announced a multi-year partnership to support cancer research nationally through funds raised by Connor's Cure. The announcement was made at Children's Hospital of Pittsburgh, where Connor's Cure was originally established, with representatives from the hospital, WWE and The V Foundation. In 2014, Connor's Cure was created by WWE Chief Brand Officer Stephanie McMahon and WWE Executive Vice President Talent, Live Events & Creative Paul "Triple H" Levesque as a fund within Children's Hospital of Pittsburgh Foundation to support pediatric brain and spinal cord cancer research.

The new partnership will expand Connor's Cure outside of Children's Hospital of Pittsburgh Foundation and support other top research centers and hospitals nationwide. Connor's Cure was established in honor of 8-year-old WWE fan Connor Michalek, a patient at Children's Hospital of Pittsburgh of UPMC who battled medulloblastoma, a rare tumor that affects the brain and spinal cord. To date, Connor's Cure has raised nearly $1 million and assisted more than 100 families around the world.

As a result of the new partnership, funds raised by WWE will support Connor's Cure through The V Foundation's grant-making process. The V Foundation's Scientific Advisory Committee, comprised of world-class physicians and research scientists, vets and awards top-rated grant proposals from the nation's leading medical facilities. In addition, funding will continue to support the research being done at Children's Hospital of Pittsburgh of UPMC.

WWE is committed to raising awareness and funds for pediatric cancer research throughout the year through the sale of Connor's Cure bracelets, fundraising programs and through its global platforms including WWE Network and TV broadcasts, live events, and digital and social media.

"WWE is proud to partner with The V Foundation for Cancer Research and expand Connor's Cure in an effort to raise additional awareness and funds in the fight against pediatric cancer," said WWE Chief Brand Officer Stephanie McMahon. "The extensive reach of The V Foundation combined with the incredible support provided by the Children's Hospital of Pittsburgh Foundation will help bring more awareness to this devastating disease."

"The V Foundation is proud to partner with WWE in the fight against pediatric cancer," said Susan Braun, CEO of The V Foundation. "Funding research at Children's Hospital of Pittsburgh and around the country, we are partnering to let the world know that we are helping children by finding cures."

"We are extremely grateful to Stephanie, Paul, and the entire WWE community for the passion and commitment they have shown in creating Connor's Cure and honoring the memory of a little boy who clearly touched them deeply," said Greg Barrett, President, Children's Hospital of Pittsburgh Foundation. "The funds raised through Connor's Cure have already made a significant difference in the lives of children battling cancer. The new partnership with The V Foundation will expand the national reach of Connor's Cure and work towards the ultimate goal - ending pediatric cancer."

Every year, 12,000-15,000 children are newly diagnosed with cancer in the U.S. Through the efforts of The V Foundation, progress is being made with cure rates for most pediatric cancers dramatically improving. The V Foundation has awarded nearly $20 million through 66 pediatric research grants to-date, including more than $5 million to pediatric cancer research in 2015.

About The V Foundation for Cancer Research

The V Foundation for Cancer Research was founded in 1993 by ESPN and the late Jim Valvano, legendary North Carolina State basketball coach and ESPN commentator. Since 1993, The Foundation has funded more than $150 million in cancer research grants nationwide. It awards 100 percent of all direct cash donations to cancer research and related programs. Due to generous donors, the Foundation has an endowment that covers administrative expenses. The Foundation awards peer-reviewed grants through a competitive awards process vetted by a Scientific Advisory Committee. For more information on The V Foundation or to make a donation, please visit www.jimmyv.org.

About Children's Hospital of Pittsburgh of UPMC

Regionally, nationally, and globally, Children's Hospital of Pittsburgh of UPMC is a leader in the treatment of childhood conditions and diseases, a pioneer in the development of new and improved therapies, and a top educator of the next generation of pediatricians and pediatric subspecialists. Children's Hospital has fulfilled this mission since its founding in 1890. Children's is named consistently to several elite lists of pediatric hospitals, including ranking 7th among children's hospitals and schools of medicine (FY 2014) in funding for pediatric research provided by the National Institutes of Health, and is one of 10 pediatric hospitals in the United States named to U.S. News & World Report's Honor Roll of America's "Best Children's Hospitals" for 2015-2016.

About WWE

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming reaches more than 650 million homes worldwide in 25 languages. WWE Network, the first-ever 24/7 over-the-top premium network that includes all live pay-per-views, scheduled programming and a massive video-on-demand library, is currently available in more than 180 countries. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich and Tokyo.

Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to: WWE Network; major distribution agreements; our need to continue to develop creative and entertaining programs and events; the possibility of a decline in the popularity of our brand of sports entertainment; the continued importance of key performers and the services of Vincent K. McMahon; possible adverse changes in the regulatory atmosphere and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and greater financial resources or marketplace presence of many of our competitors; uncertainties associated with international markets; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others' intellectual property rights; the complexity of our rights agreements across distribution mechanisms and geographical areas; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events including, without limitation, claims relating to CTE; large public events as well as travel to and from such events; our feature film business; our expansion into new or complementary businesses and/or strategic investments; our computer systems and online operations; a possible decline in general economic conditions and disruption in financial markets; our accounts receivable; our revolving credit facility; litigation; our potential failure to meet market expectations for our financial performance, which could adversely affect our stock; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common stock; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could lower our stock price; and the relatively small public "float" of our Class A common stock. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends (including under our revolving credit facility), general economic and competitive conditions and such other factors as our Board of Directors may consider relevant. Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q.



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